Management Reports
The Management Report (sometimes referred to as Client Financials or the Financial Report) includes the following:
A cover page
Table of contents
Key Accounts
Profit and Loss (P&L), Balance Sheet, and Statement of Cash Flows reports
The Profit & Loss detail
Top 10 customers & vendors by spend
A/P and A/R aging reports
💡 Any sections that are not relevant to the client can be disabled before publishing the report.
The Reporting tab
To access the client's Management Report drafts, navigate to the Reporting tab under the client's close.
Report settings
Report titles
Basis (Cash or accrual)
Create a template from the current settings
Cover Page
On the cover page, choose to add a client logo or your own practice logo.
The date referenced on the cover page corresponds to the configurations on the Executive Summary page.
Table of Contents
The pages on the Table of Contents page will populate once the draft is published.
The Executive Summary
On the Executive Summary,
Update Comparison Settings
Choose Key Metrics and Bar Chart Settings
Add a summary note with valuable insights (option to use AI)
More on the Executive Summary 👉 here
Key Accounts
To add key accounts to the Key Profit and Loss or Key Balance Sheet pages of the management reporting section:
Navigate to the close page's Close tab
Scroll to the Final Review closing task section
Open the P&L or Balance Sheet
Hover the cursor next to an account
Click on the star 🌟 to note a key account
Starred accounts on the P&L and Balance Sheet closing tasks will appear on the Key Profit and Loss or the Key Balance Sheet page in your Management Reports.
A/P & A/R summaries
The A/P and A/R Aging summaries can be run by
As of the end of the close
As of today (current date)
Budget v Actuals
The Budget vs. Actuals reports allow budgets to be seamlessly imported from QuickBooks Online into clients’ management report packages.
It's now easier than ever to track monthly, quarterly, or year-to-date performance, and quickly point out areas that may need closer monitoring.
Metrics
Add a Metrics page to add graphs from financials and track KPIs.
More on metrics 👉 here
Pro tips
Report Order
To change the order of the reports in the Financial Package section of the Management Report, hover over the report and drag & drop as needed to reorder the reports.
Customizing reports from Practice Settings
Enable rounding
Enable currency signs
Enable monochrome insights (vs red & green variances)
Enable prepared on & prepared by on the Cover Page
Right justify your reports
Enable interactive financials
Change the accent color on your management reports
Enabling Report Lock in Practice Settings will lock all clients' management reports and metrics from being updated by any user(s).
Adding and removing reports
If certain reports should not be included in a client’s reporting package, they can be deleted by clicking the three dots (…) next to the report name. Any report can be re-added at any time by clicking + Add page.
Footnotes
To add Footnotes from the Reporting tab, click the Footnotes button at the top right of the reporting page.
Example 👇
Legal disclaimers
Set practice-level legal disclaimers for management reports by going to Practice Settings (⚙️ icon) > Practice Management > the Legal Disclaimers tab.
Filtering the Profit & Loss by class and/or location
To filter the P&L by Class or Location,
Confirm that Class / Location filters is enabled under Client Settings
In the Reporting tab, select + Add page > Profit & Loss
Select filters
Add footnotes to highlight any trends
Collapsing accounts
To collapse the accounts in the Profit and Loss report to show only parent accounts, enable the Collapsed setting in the report.
The Balance Sheet can also be collapsed to roll up all accounts into their corresponding categories. For example, all bank accounts can be rolled up into the Bank Accounts category.
Custom columns
Custom columns allow additional data to be added to the Profit and Loss and Balance Sheet. To enable a custom column, toggle on the Custom Column property in a report. When comparing against a prior period, $ Change and % Change columns can also be added.
The options for a custom column are:
Option | Custom column data |
YTD | Year-to-date totals |
Prior period | Year-to-date totals |
% of Income | % of the current period's income (P&L only) |
% of Expenses | % of the current period's expenses (P&L only) |
Publishing the management report
Deliver the Management Report by emailing, printing as a PDF, or adding it directly to the Client Portal.
Publishing to the portal
Select the Publish button to publish the report to the client portal. All contacts with Financials access will be able to access the report.
Print or email the report
Select the arrows to the right of the Publish button to choose between:
Printing the report as a pdf
Emailing the report as a pdf
Uploading your own report to the Client Portal
If a different tool is used to create management reports, those reports can be uploaded to Double instead of using the built-in report builder.
To publish a custom management report to the portal:
Select Publish
Click Upload custom report
Publish from there
At this time, Double supports publishing only one report package to the portal per close period. If both a management report and a custom report need to be published, the custom report can be added to a custom folder under Files and made visible in the Client Portal from there.
Financial access in the client portal
Enable financial access in the Client Portal under the client's Portal Settings
Click Portal at the top of the close page
Check the corresponding box to enable Financial Access
Preview the portal from your Portal Settings at any time👇
